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"China has been very much a part of our life — throughout our adult life," said Henry Levine, senior adviser at Albright Stonebridge Group, a Washington-based global business strategy firm, whose wife was a senior interpreter for the US government based in the State Department for many years.

"China and Argentina already have a rich history of cooperation in astronomy, starting in the early 1990s," he said, noting that the two countries jointly built a satellite laser ranging system in 2006 and a fixed global positioning system station in 2011.

"But we're setting up a new model based on the internet of things and big data."

"China is a big market, so Chinese companies understand how to deal with complex large markets ... That's something that we both have in common," he said.

"China has already taken steps to improve the development of trade in services, including gradually opening up the finance, education, culture and medical treatment sectors, as well as introducing the first new negative list for cross-border service trade in the China (Shanghai) Pilot Free Trade Zone last year to offer global companies more access," said Bai Ming, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.